Forex Trading Signals

  • EUR/CAD - Buy @ 1.58 zone
  • EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
  • AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
  • USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
  • EUR/CHF - Buy At 1.46 to 1.48 zone
  • USD/CHF Sell @ 1.18 to 1.20 zone
  • GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
  • GBP/JPY - Sell @ 140 zone
  • EUR/USD - Buy @ 1.24-1.26 zone

Forex Search Tool

Thursday, February 26, 2009

EUR/CAD: Long @ 1.5843 Is up 60 pips

EUR/CAD is hovering around the recent range lows and has not been able to move above it. I'm long in here risking 200 pips. My current position is up 60 so I'll leave it open to see if it gains northward ground. I am expecting a bit more CAD strength due to the recent bullishness of oil.

Should I lose this stop I will go short with a target towards the 148's USD/CAD will be a good indicator to help sort out direction
Posted by FX_Trader at 9:52 AM
Labels:

6 comments:

  1. InfinityDoseFebruary 26, 2009 at 3:54 PM

    been a while since i've looked at the fx market (finishing school), but if oil is going back up now, wouldn't we be looking to short EUR/CAD and USD/CAD, rather than long?

    thanks

    ReplyDelete
  2. FX_TraderFebruary 26, 2009 at 7:01 PM

    You could look for CAD strength - I am looking for CAD strength but... until it happens I'm content with trading the range at the moment. Should this support zone break and move lower then I will re-assess and change my outlook. You are absolutely right Jim! Although oil is gaining some ground it hasn't quite broken the downtrend as of yet. A mild 10$ correction is by no means a breakout.

    Even though oil may gain the forex market may not reflect that until the upward movement of oil has taken place for some time. That reflection is not immediately apparent for CAD right off the gate.

    Hows your micro account doing? you still in the game or?

    Cheers

    Hope you're doing well in school dude!

    Question for you

    Do you get my post in RSS feeds when I post a trade alert?

    ReplyDelete
  3. InfinityDoseFebruary 27, 2009 at 3:53 AM

    That makes sense.

    As for my account, funny story. I had doubled my initial deposit mostly by following your trades, monitoring them, and moving the stop profits up when appropriate. But at that point it felt "easy" and I got greedy and went into trades without thinking them through objectively and without proper research for event risk. So now i'm back at my initial deposit :P

    School is going alright, I will finish my BFA in a couple months and that will give me time to get back into the loop i hope :)

    RSS eh? That would help, i'll subscribe to it now and see what if it works

    ReplyDelete
  4. FX_TraderFebruary 27, 2009 at 4:43 PM

    This trade now up 360 pips

    :-)

    ReplyDelete
  5. InfinityDoseMarch 1, 2009 at 9:21 PM

    hmm, my last post didn't seem to go through,

    anyways, are you going to enter EUR/CHF now that it's in your 146-148 range, or wait for a solid bottom to form

    ReplyDelete
  6. FX_TraderMarch 3, 2009 at 9:30 AM

    yes I bought EUR/CHF @ 1.4759 it is up a bit but kinda flaky and limp at the moment

    ReplyDelete

Got a tip on a trading opportunity? Got a question about a currency pair?

Subscribe to: Post Comments (Atom)